Napoleon Perdis ordering more stock

Struggling make-up brand Napoleon Perdis is ordering more stock to keep up with the demand for its products despite being in voluntary administration.

Hannah Higgins

Australian Associated PressFebruary 13, 20199:20am

Napoleon Perdis is ordering more stock as demand remains strong despite the embattled cosmetics brand having gone into voluntary administration two weeks ago.

Administrators Simon Cathro, Chris Cook and Ivan Glavas of Worrells Solvency Accountants reported the struggling brand's resurgence in a statement announcing the company's first meeting of creditors, held on Tuesday.

Creditors heard that the current expression of interest campaign for the brand was "doing well", despite company directors' failure to find a buyer for the makeup brand for months before it went into administration.

Administrators now intend to apply to the court to extend the convening period for the second meeting of creditors to three months - at which time the future of the company will be determined.

"Given the success of the trade on and support of trade creditors, the buyer/investors negotiations inherently demand more time for due diligence and satisfaction," Mr Cathro said in a statement.

"Meanwhile, we are ordering more Napoleon Perdis stock to meet current and future demand, and our partnership with Priceline is thriving."